beaconsmind AG Acquires 51% Stake in FREDERIX Hotspot GmbH
November 21, 2022
beaconsmind AG has acquired a 51% controlling stake in Hannover-based FREDERIX Hotspot GmbH by issuing 155,500 new shares (EUR 13/share). The deal brings FREDERIX's run-rate ~EUR 3.5M revenues and ~EUR 0.5M EBITDA onto beaconsmind's consolidated financials, extends beaconsmind's value chain into cloud-based Wi‑Fi hotspot services, and brings eKomi and FREDERIX management into beaconsmind as strategic shareholders/board members.
- Buyers
- beaconsmind AG
- Targets
- FREDERIX Hotspot GmbH
- Sellers
- eKomi Holding GmbH, Jonathan Sauppe
- Industry
- Telecommunications
- Location
- Lower Saxony, Germany
- Transaction Type
- Buyout
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